Facs

Financial Analysis & Control System Page 1

I have read and understood the rules on cheating, plagiarism and appropriate

referencing as outlined in my handbook and I declare that the work contained in

this assignment is my own, unless otherwise acknowledged.

Signed: .......................Shu Wen GUO..............................

(for on-line submission it is only necessary to type your name in this space)

MODULE TITLE: Financial Analysis & Control Systems

MODULE CODE: 05--01

MODULE DATE: 31ST October?4TH November 05

NAME: ...........Shu Wen GUO.......0531355..........

GROUP: ...........................K..............................

Financial Analysis & Control System Page 2

Question 1 (page 2-28)

Annual Report Analysis

(3,935 words)

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CONTENT

1. Introduction......................................................?...........4

2. Brief Business Description..........................................?

2.1. Main Products........................................................................ 5

2.2. Main Markets..............................................................................6

3. Main Financial Statements..........................................?

3.1. Profit and Loss Account............................................................4

3.2. Balance Sheet........................................................................6

3.3. Cash Flow Statement..........................................?.......................6

4. Ratio Analysis............................................................?8

4.1. Profile Ratios........................................................................?8

4.2. Profitability Ratios.....................................................................9

5. Conclusion..................................................................13

Reference..................................................................?..21

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1. Introduction

In demonstrating my comprehension of Financial Analysis and Control System

module, particularly in the part of interpretation of published accounts, I

complete this assignment, on the basis of the latest available Annual Report of

Alumasc Group plc. After a brief description which gives a full view of the

company's structure and business activities, the main financial statements are

scrutinized by horizontal analysis, and then ratio analysis is adopted to

examine the company's performance by using the figures of FAME database.

In the end, a conclusion is made to support my understanding of the

company's business performance.

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2. Brief Business Description

According to the collected information [1], the Alumasc Group, which became a

public limited company in 1986, is dedicated to supply premium building and

engineering products, along with opportune service and technical solutions, to

their customers in various industries. It organizes 11 companies, which are

self-operated within a decentralized corporate structure in 2 operating divisions,

the Building Products?Division and the Engineering Products?Division. The

philosophy of Alumasc is "premium products with premium service? and with

the collective efforts of its 1000 employees, Alumasc aims to achieve

successive business growth and expansion. The main products and main

markets of Alumasc Group are respectively as follows.

2.1. Main Products

Building Products [2]

On the basis of different customers and market sectors, the Building Products

Division involves 6 companies in 4 product groups, which are Exterior, Interior,

Construction and Housebuilding.

Exterior Building Products supplies high performance rainwater, drainage,

roofing, faÐ*ade and render systems by Alumasc Exterior Building Products

(AEBP), and support systems for roof-located equipment by Roof-Pro.

Interior Building Products provides casing and enclosure systems

manufactured from various materials including pre-formed plywood, by

Alumasc Interior Building Products (AIBP).

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Construction Products designs, manufactures, and distribute Gatic engineered

access covers, linear drainage systems, and ancillary support products, by

Elkington Gatic and Scaffold & Construction Products (SCP).

Housebuilding Products offers a wide range of branded products including

cavity